What is a mortgage (loan) calculator?
Mortgage Calculator is a simple appliaction whose purpose is the calculation of martgage payments (mortgage, car, etc.), with the assumed size of the loan, the loan interest rate level, frequency capitalization period for which the loan was taken out, the amount of commission and the type of loan installments..
Calculator also calculates the amount of interest on the capital paid by the borrower, the loan installments.
Principle mortgage calculator
Mortgage Calculator is designed to calculate the amount of the loan installments on specific credit terms for all types of loans (eg, mortgages). It also gives information which part of the repaid amount will be credit interest. This allows you to, inter alia, to compare the actual cost of different loan quotes and choose the best among them.